Page 34 - Demo

Ultimate Outcomes
A thriving and self-sustaining VC industry in Alberta.
Results and Discussion
Key Performance Indicator: Number of startup and investor profiles created on Start Alberta and Direct Alberta jobs created in AEC portfolio companies
Start Alberta Profiles Target: 2,700 startups and 340 investors Alberta Jobs Target: Increase to 2,564
To measure this outcome AEC reviews a number of factors, including the number of startup and investor profiles created on Start Alberta and Direct Alberta jobs created in AEC portfolio companies. These measures and the other strategies tied to this outcome have been discussed in previous sections.
AEC works to fill the gaps in the ecosystem and to create links between existing organizations. With a relatively small amount of capital, AEC can effectively and efficiently enhance the Alberta innovation investment ecosystem. Our approach is highly collaborative. Rather than building a large team within AEC, we take a lean partnership approach, working with many public and private organizations to fulfill our mandate. This collaborative approach allows our organization to have a very broad reach, delivering outcomes far beyond the capacity of our small team – all while keeping operating costs very low. The key to our success is the engagement of VCs, strategic investors, entrepreneurs and mentors by leveraging our investment capital.
While Alberta’s tech sector is still considered in its early-stages of development, the data shows it is maturing significantly. Over the past decade the VC industry in Alberta has demonstrated encouraging growth, exhibited by record-breaking VC investment
in Alberta startups, and bolstered by larger deal sizes. In 2023, Alberta saw $729
million invested across 85 deals18, shattering all prior years on record. The efforts of various ecosystem stakeholders have built a strong, early-stage ecosystem and we
are beginning to see more tech companies going from startup to scaleup. As more companies stay and grow in Alberta, it is imperative that we take a proactive approach to ensure the necessary resources are available to support the founders of these maturing companies.
2022 18 2023
2023 Year In Review Canadian Venture Capital Market Overview, CVCA
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